UMT United Mobility Technology AG (ISIN DE0005286108) and Berlin based solarisBank have agreed to enter into a strategic cooperation, enabling UMT to use solarisBank’ banking licence for payment and transaction services.

Thanks to this collaboration, UMT is going to evolve from a technical service provider into a full-service operator and will be able to offer its clients all services around mobile payment from technical processing up to the handling of payments and e-money solutions in the future.

This cooperation is a direct consequence of an ongoing project with a big international corporation.

Subsequently, UMT also expands its services for all existing and future clients and therefore enlarges its range of articles significantly.

„With solarisBank we found a partner, whose extensive expertise in banking and payment processing as well as its universal bank licence are perfectly complementing UMT AG’s technical core competences and will enable us to extend our services along the value chain.

With this collaboration and the creation of a combined design of innovative products in the mobile payment sector, we hope for broadening and to deepening our existing client relationships“, says Andreas von Meyer zu Knonow, COO of UMT AG.

About solarisBank:

solarisBank is a banking platform with a Bafin universal bank licence, enabling companies to offer proprietary financial products. solarisBank partners can access modules in the E-Money, direct credit, digital banking und third party services via an API on its platform. Hence solarisBank creates a highly technological and regulatory „Soundbanking-Ecosystem“ for Fintechs, established digital corporations and banks. The Berlin based Plc was founded in 2016 and is apart from Germany active in five more EU-countries. solarisBank is managed by the executive directors Roland Folz, Marko Wenthin and Andreas Bittner as well as CTO Peter Grosskopf.

 

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